Velvet
by Mbrock. 04/28/24 09:16 PM
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Re: Bitcoin ETFs Approved
[Re: cartervj]
#4095445
03/04/24 10:14 PM
03/04/24 10:14 PM
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Joined: Nov 2012
Posts: 1,379
Hoover, AL
GmeHunter
OP
8 point
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OP
8 point
Joined: Nov 2012
Posts: 1,379
Hoover, AL
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Seems a bit strange to me that a cryptocurrency is offered in an ETF It is only Bitcoin. The ETFs hold custody of Bitcoin to cover the money purchased in the ETF.
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Re: Bitcoin ETFs Approved
[Re: GmeHunter]
#4099873
03/12/24 05:31 AM
03/12/24 05:31 AM
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Joined: Jun 2014
Posts: 6,900
Shelby Co, AL
CatHeadBiscuit
14 point
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14 point
Joined: Jun 2014
Posts: 6,900
Shelby Co, AL
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Using vapor to buy vapor will yield vapor. At least, with tulips there were pretty colors. I could be very much wrong in my personal opinion but this look to be and will stay a pig in a poke.
"Arguing on the internet is like playing chess with a pigeon. You may be good at chess, but the pigeon is just going to knock all the pieces down, take a crap on the table, and strut around like its victorious."--Anonymous
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Re: Bitcoin ETFs Approved
[Re: GmeHunter]
#4099876
03/12/24 05:46 AM
03/12/24 05:46 AM
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Joined: Aug 2001
Posts: 63,838
Luverne, AL
Skinny
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 63,838
Luverne, AL
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Its making a bunch of people nervous with how high and fast its moving. Bitcoin may be doing what the Fed cannot do which is to pull a bunch of money out of the market. Today could be interesting, the latest CPI report comes out today. I'm sure it will look good for the regime.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: Bitcoin ETFs Approved
[Re: GmeHunter]
#4099882
03/12/24 06:16 AM
03/12/24 06:16 AM
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Joined: Aug 2001
Posts: 63,838
Luverne, AL
Skinny
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 63,838
Luverne, AL
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However, this is interesting and something to think about. Bitcoin, by market cap, is currently at #8 in the World but just about a month or so ago it was not even in the top 50. https://companiesmarketcap.com/assets-by-market-cap/This chart kind of puts things into perspective. I bet Nvidia drops down a few notches soon.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: Bitcoin ETFs Approved
[Re: Skinny]
#4099888
03/12/24 06:46 AM
03/12/24 06:46 AM
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Joined: Nov 2011
Posts: 10,517
abolt300
Booner
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Booner
Joined: Nov 2011
Posts: 10,517
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Its making a bunch of people nervous with how high and fast its moving. Bitcoin may be doing what the Fed cannot do which is to pull a bunch of money out of the market. Today could be interesting, the latest CPI report comes out today. I'm sure it will look good for the regime. And then 2-3 weeks from now, the real number will come out and it will be revised down by 20-40%, and nobody will pay the much lower revised numbers any attention. It’ll get zero press coverage and as a result, and them playing along with it, hand in hand, the market will not adjust one single point. It’s how they’ve managed to keep the charade going.
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Re: Bitcoin ETFs Approved
[Re: Irishguy]
#4099898
03/12/24 07:05 AM
03/12/24 07:05 AM
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Joined: Aug 2001
Posts: 63,838
Luverne, AL
Skinny
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 63,838
Luverne, AL
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I'll keep investing in things that produce something tangible. Yup, and when you look at that list I posted, a lot of those big companies do not produce anything tangible. Facebook has no real successful physical product to balance out their market size and that will be their undoing.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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Re: Bitcoin ETFs Approved
[Re: Irishguy]
#4099911
03/12/24 07:34 AM
03/12/24 07:34 AM
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Joined: Jun 2016
Posts: 1,288
lauderdale co
brushwhacker
8 point
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8 point
Joined: Jun 2016
Posts: 1,288
lauderdale co
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I'll keep investing in things that produce something tangible. Me too . Like mutual funds that invest in things we all use everyday. Like the apple phone Im using right now like billions of people around the world.
Brushwacker
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Re: Bitcoin ETFs Approved
[Re: GmeHunter]
#4099964
03/12/24 09:56 AM
03/12/24 09:56 AM
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Joined: Aug 2001
Posts: 63,838
Luverne, AL
Skinny
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 63,838
Luverne, AL
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News is floating around that a private investment company consisting of just a few individuals just bought almost a billion $$ in bitcoin. hmmm, it really is looking more and more like tulips.
Never Trust Government
"You can be broke but you cant be poor." Ruthie-May Webster
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